Equilibrium existence in games with ties

被引:2
作者
Olszewski, Wojciech [1 ]
Siegel, Ron [2 ]
机构
[1] Northwestern Univ, Dept Econ, Evanston, IL 60208 USA
[2] Penn State Univ, Dept Econ, State Coll, PA 16801 USA
关键词
Equilibrium existence; discontinuous games; better-reply security; C72; D44; D82; L13; NASH EQUILIBRIUM; INFORMATION; AUCTIONS; PURE;
D O I
10.3982/TE5067
中图分类号
F [经济];
学科分类号
02 ;
摘要
We provide conditions that simplify applying Reny's (1999) better-reply security to Bayesian games and use these conditions to prove the existence of equilibria for classes of games in which payoff discontinuities arise only at "ties." These games include a general version of all-pay contests, first-prize auctions with common values, and Hotelling models with incomplete information.
引用
收藏
页码:481 / 502
页数:22
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